With the average dock cost running $80,000 - $100,000 these days, it would be great pick up a dock below or within a 2 minute walk from your back door but anything longer than that may not appeal to renters that often. 

Just make sure you pick good roommates! 

Because that will determine what type of lawyer you want to find.Also, if it's a tax question, ask a CPA. 

Never look at just one expense category, like taxes, to determine if it is a good idea to keep the asset.Always look at the overall underwriting to see if the investment would make sense if you were starting with a fresh 80% LTV loan. 

Any tips or advice on how to come up with a solid ARV, and any other tips on getting started off wholesaling in general would be appreciated as well (determining repairs, etc.)

Have you determined what you could get if you listed the property?

And if you didn't have someone you could trust to do the management in either place you probably still would have lost money.So, if I were you, I would pick several markets with good job and population growth and begin to research them and talk to the realtors and property managers in the area.One of them will likely reveal itself to you to be the right place for you.But definitely don't listen to a bunch of yahoos online :)

I'll weigh in with my non-legal advice and say that you'll need to dig into your HOA bylaws to determine how formal HOA violations are addressed and, specifically, how they are to be appealed.

Because quality is what determines your current and future NOI.

Look at buying a 9 plex and the owner is willing to do the following: 20% down, 25 year amoritization, 3 or 5 year balloon (I pick), 5% interest rates.